B & B INV. CLUB v. KLEINERT'S, INC.

Civ. A. No. 73-642.

472 F.Supp. 787 (1979)

B & B INVESTMENT CLUB et al. v. KLEINERT'S, INC., et al.

United States District Court, E. D. Pennsylvania.

June 21, 1979.


Attorney(s) appearing for the Case

Harold E. Kohn, Samuel E. Klein, Kohn, Savett, Marion & Graf, Philadelphia, Pa., for plaintiffs.

Timothy C. Russell, Henry W. Sawyer, III, Drinker, Biddle & Reath, Philadelphia, Pa., for Kleinert's, Inc.

Joseph H. Einstein, Aranow, Brodsky, Bohlinger, Benetar & Einhorn, New York City, for John Stephens and Robert Brubaker.


MEMORANDUM

CAHN, District Judge.

I. PRELIMINARY STATEMENT

Plaintiffs filed this suit in March of 1973 alleging that defendant Kleinert's Inc. (a diversified manufacturer), Arthur Andersen & Co. (an accounting firm), Paneth, Haber & Zimmerman (an accounting firm), Drexel Burnham & Co. (an investment banking firm), and eleven individuals had committed various security violations in connection with a public offering of Kleinert's stock...

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